TeamMate+

TeamMate+ is audit management software from Wolters Kluwer covering the internal audit lifecycle — risk assessment, planning, fieldwork documentation, issue tracking, and reporting — for internal audit departments and firms delivering internal audit services.

How accounting firms use it

Firms use it where they provide co-sourced or outsourced internal audit, either working within a client’s existing instance or operating their own to deliver the function for clients with no in-house department.

The platform’s role is consistency and evidence. Internal audit is judged on whether the plan addressed the right risks and whether findings were followed through, and both require a record that survives staff changes and can be presented to an audit committee. Spreadsheet-based delivery rarely satisfies either.

Key features

Risk assessment links the audit universe to identified risks and to planned coverage, showing where risks are unaddressed — the analysis that justifies the annual plan.

Fieldwork management covers workpapers, evidence, review states, and sign-off, with automated linking between findings and supporting documentation. Issue tracking follows findings through management response, remediation, and verification.

Analytics test full data populations rather than samples, identifying duplicates, approval anomalies, and segregation of duties conflicts. Reporting produces audit committee dashboards showing plan progress, open findings, and remediation status.

Who it’s best for

Internal audit departments and accounting firms providing co-sourced or outsourced internal audit, particularly those needing defensible methodology and structured audit committee reporting.

Firms performing external financial statement audits need CaseWare or a comparable engagement platform instead. AuditBoard is the closest competitor and is often preferred where SOX compliance is the primary driver.